NERC Increases Prices of Pre-paid Meters The Nigerian Electricity Regulatory Commission (NERC) has granted approval for an upward adjustment in the prices of prepaid electricity meters. According to a recent circular signed by the Chairman, Sanusi Garba, and the Commissioner of Legal, Licensing, and Compliance, Dafe Akpeneye, the commission has announced revised prices for prepaid…
African Sustainable Mining Piques Interest of Global Players …Rapid advancements in technology have resulted in the development of sustainable innovations in mining practices, changing how the sector operates In the wake of the global energy transition, mining companies have come under pressure to adopt sustainable business practices and employ low-carbon technologies in order to mitigate…
Eni to Sell Nigerian Subsidiary to Oando Italian energy giant Eni has inked a deal to offload its Nigerian exploration and production subsidiary to local energy firm Oando. The financial specifics of the transaction remain undisclosed. The subsidiary in question, Nigerian Agip Oil Company (NAOC), is a key player in the Nigerian energy landscape, focusing…
NCDMB ICPC Hold Workshop on Anti-Corruption Requirements in Contracting and Public Procurement The Nigerian Content Development and Monitoring Board (NCDMB) in conjunction with the Anti-Corruption Academy of Nigeria (ACAN), an organ of the Independent Corrupt Practices Commission (ICPC) recently organised a 2-day sensitization workshop for the Board’s staff in Abuja. Delivering the keynote address at…
Twelve Illegal Oil Refining Sites Uncovered by Army, NSCDC in Delta The Nigerian Army and collaboration with the Nigerian Security and Civil Defence Corps (NSCDC), uncovered at least 12 illegal oil refining sites in Owahwa Creek, Ughelli South Local Government Area of Delta state. This was revealed on Monday in a statement by the Director,…
Well Construction: Welltec Launches 4-in-1 Solution for Enhanced Reliability in New, Existing Completions Welltec®, a global technology company that develops and provides hi-tech solutions for the energy industry, has launched a life-of-well, API-qualified completion system for anchoring in cased hole – the Welltec® Expandable Anchor (WEA). The new solution is a product that has the…
Lekki Port moves to Fast-Track Cargo Delivery In a bid to maintain its position as top rated container terminal operator, the management of the Lekki Port LFTZ Enterprise Limited (the promoters of Lekki Deep Sea Port), has commissioned a state-of-the-art scanning facility to help fast track its efficiency in cargo delivery. In a statement, the…
Indonesia: Pertamina Plans more Biofuel Products, Ethanol Imports in 2024 Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public, its chief executive said on Monday. The company will mix its 90-octane gasoline, Indonesia’s most widely used fuel…
Nigeria Mining Week returns to Abuja in October, a sign of “great commitment” from Partners Dr. Mary Ogbe, Nigeria’s Permanent Secretary in the Ministries of Solid Mineral and Steel Development (formerly known as the Ministry of Mines and Steel Development) has said Nigeria Mining Week, taking place in Abuja from 16–18 October, “promises to be…
Climate Change: IMF Calls for Phase Out as Fossil-fuel Subsidies Gulp $7 Trillion in 2022 The International Monetary Fund (IMF) has said that fossil-fuel subsidies gulped $7 trillion in 2022 as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the…
